AI may refer to either of the following:
1. AI is short for artificial intelligence, a term coined by John McCarthy in 1955 at Dartmouth College. It's related to the work of Alan Turing, who in 1950 developed the Turing test, which evaluates a machine's ability to exhibit behavior indistinguishable from a human. Artificial intelligence develops smart computer programs capable of accomplishing tasks and duties that demand human intelligence.
The scientific study of AI aims to develop computer hardware and software that emulates activities in the human brain, including the processing of photographic images and human languages. It also enables computers and machines to think and learn from experience, and carry out human-like duties.
AI efficiently speeds up the processes together with a guaranteed level of accuracy and precision. In today's modern economy, AI systems generate appropriate answers to any business problem with effective data processing. No human can predict as quickly and accurately as AI technology does. AI also helps provide real-time assistance in businesses where constant communication with customers is needed throughout the day.
What are the applications of AI?
Companies in the fields of education, finance, insurance, and media are all attempting to find ways to optimize artificial intelligence to gain maximum benefits. Below are examples of how AI is used in different industries.
AI takes a huge amount of data, analyzes it, and then innovates solutions to fight and cure diseases. AI improves predictability and reliability with patient safety. Artificial intelligence can't replace medical professionals, but it helps them to work more efficiently and effectively.
Now, software powered by AI makes loan decisions by finely analyzing borrowers' data instead of only doing a background check and credit score.
Another significant example is AI has replaced human decision-making to a great level in the stock exchange. People submit orders, and machines match them without any human intervention.
Fraud detection is an excellent application of AI and plays a significant part in national defense. In large organizations, it's difficult for humans to quickly detect fraudulent activities, but AI can recognize abnormalities before they hit dangerous levels.
AI is making major innovations in the transportation area. Autonomous vehicles use modern capabilities, including lane changing and braking systems using sensors and cameras for collision avoidance, and adapt to new environments using maps.
Every day life
Besides numerous applications of AI, it is also utilized to improve our daily lives. AI can now develop recipes based on available items and even create artwork. Recommendation engines created for YouTube and Netflix are powered by AI to make suggestions when searching for the next show to watch.
Who is the father of AI?
Most people credit Alan Turing as the father of AI.